Wyoming

IEEFA Research

IEEFA U.S. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

IEEFA U.S. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

Production Declining by as Much as 40 Million Tons; Prices Failing to Benefit Shareholders or Stimulate New Investment; Anemic Exports; Little or No Gain From Regulatory Relief; Increasingly Dim Employment Prospects

We’re out this morning with our annual outlook for U.S. coal markets, and the picture isn’t pretty. We see the potential for some short-lived strength in the current uptick for coal producers but the title of our assessment sums up the larger view: “Short-Term Gains Will Be Muted by Prevailing Weaknesses in Fundamentals.” You can […]

As Texas Coal-Fired Power Plants Close, Powder River Basin Mines Are Losing Their Largest Customers

Trends Will Force Closures and Complicate Efforts by Alpha Natural Resources, Arch Coal and Peabody Energy to Work Their Way Out of Bankruptcy

CLEVELAND, Aug. 3, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a report detailing how Powder River Basin coal producers are losing their largest customers as Texas power producers turn increasingly to other sources of energy. The report, “Texas’ Outsize Role in the Decline of the Powder River Basin Coal […]

August 2, 2016 Read More →
The Federal Government’s Coal-Leasing Program Is Broken: Here’s How to Fix It

The Federal Government’s Coal-Leasing Program Is Broken: Here’s How to Fix It

Appoint a Price-Setting Commission; Ban Exports; Cancel Some Leases; Eliminate Self-Bonding; Mandate Set-Asides for Mine Clean-up and Miner Pensions; Require Twice-a-Year Audits; Assume Smaller Markets

It’s time for the U.S. to modernize how it manages its publicly owned coal reserves. That’s the essence of comments we’ve filed today with the Department of the Interior as it begins a review of its federal coal-leasing program in the Powder River Basin, a program that has been mismanaged for years at taxpayer expense […]

As the BLM Begins Coal-Lease ‘Listening Sessions,’ a Few Hard Truths Must Be Heard

As the BLM Begins Coal-Lease ‘Listening Sessions,’ a Few Hard Truths Must Be Heard

Ban Coal Exports From the Powder River Basin, for Starters, and Impose a Moratorium on Taxpayer-Subsidized Leases

U.S. taxpayers own the largest remaining domestic coal reserves in the country, valuable resources that sit in the Powder River Basin of Montana and Wyoming and that are vital to the energy security of our country. The federal government, sad to say, has been an almost pathologically passive overseer of these resources (read more about […]

August 11, 2015 Read More →
Comments on Proposed Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform, ONRR-2012-0004-0024

Comments on Proposed Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform, ONRR-2012-0004-0024

COAL SOLD FOR EXPORT SHOULD NOT BE EXEMPT FROM FEDERAL ROYALTY PAYMENTS

Comments on Proposed Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform, ONRR-2012-0004-0024 By Tom Sanzillo, Director of Finance, Institute for Energy Economics and Financial Analysis

May 7, 2015 Read More →
Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity (pdf) By Tom Sanzillo, Director of Finance, IEEFA  

November 19, 2014 Read More →
Report: 20 Fourth-Quarter Questions for Powder River Basin Coal Producers

Report: 20 Fourth-Quarter Questions for Powder River Basin Coal Producers

20 Fourth-Quarter Questions for Powder River Basin Coal Producers (pdf) By Tom Sanzillo, Director of Finance, Institute for Energy Economics and Financial Analysis

November 11, 2014 Read More →
Memo- Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program

Memo- Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program

Policy memo: Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program June 28, 2013 (pdf)

July 1, 2013 Read More →
Report- Almost $30 billion in revenues lost to taxpayers by “giveaway” of federally owned coal in Powder River Basin

Report- Almost $30 billion in revenues lost to taxpayers by “giveaway” of federally owned coal in Powder River Basin

Almost $30 billion in revenues lost to taxpayers by “giveaway” of federally owned coal in Powder River Basin (pdf) With almost no accountability, BLM failure created boom in electric power industry use of artificially cheap coal from Montana and Wyoming; Next major coal sale set for Thursday   WASHINGTON, D.C. – June 25, 2012 – […]

June 25, 2012 Read More →

More News and Commentary

School Funding Crisis in Wyoming as Coal Industry Struggles

Wyoming Public Media: A funding crisis brought on by a downturn in the coal industry has left policy makers struggling to figure out how to fund education. This year school districts took a hit of $34 million to their operating budgets. That’s primarily money for teachers and staff, as well as materials and supplies. But […]

June 22, 2017 Read More →

New York Investors Say They Are Planning an $80 Million ‘Clean Coal’ Plant in Wyoming

Casper Start Tribune: A group of investors plans to raise $80 million to build a coal treatment facility in the Powder River Basin that they say would increase the value of local coal. The idea to treat and dry Powder River Basin coal so that it burns hotter and increases in value has been around […]

June 20, 2017 Read More →

Prosecutors Seek 3-Year Prison Sentence in Multimillion-Dollar Clean-Coal Fraud

Gillette (Wyo.) News Record: Describing the crime as “calculated” and “driven by greed,” prosecutors have asked a federal judge to sentence Two Elk developer Michael J. Ruffatto to a minimum of three years in prison for falsely billing millions of dollars to a federal energy research project in Wyoming and then using the money on […]

June 7, 2017 Read More →

‘More and More Likely’ Powder River Basin Production Growth Will Slow

SNL: Seaport Global Securities LLC wrote in a new research note it is “looking more and more likely” the Powder River Basin will see volume growth numbers turn negative at some point in 2017. The note states about 330 million tons of coal were shipped from the basin in 2016. Based on data from the […]

June 7, 2017 Read More →

Powder River Basin of Wyoming Is Losing Its Coal-Buying Customers

Casper Star Tribune: While locals counter by saying that the coal industry will survive at a new normal, and economists have said Wyoming coal mining will be the last to go down, the Cowboy State doesn’t dictate the electricity market; it simply provides the material. And many power plants that buy the Powder River Basin […]

May 30, 2017 Read More →

On the Blogs: Call for Investment in Coal Communities Abandoned by Trump

JustTransition.org: The initiative announced today is timely and urgently needed, as federal support for coal communities is winding down,” said Heidi Binko, executive director and co-founder of the Just Transition Fund. “As the Trump administration abandons crucial economic development programs, like the POWER Initiative, philanthropy and the private sector must do more to fill the […]

April 26, 2017 Read More →

On the Blogs: Trump Seeks Evisceration of Coal-Community Investment Initiatives

Center for American Progress: Trump campaigned on promises to revitalize the U.S. coal industry and bring back coal mining jobs. On March 28, he signed an executive order that began the process of rolling back key federal efforts, including the Environmental Protection Agency’s, or EPA’s, Clean Power Plan to reduce carbon pollution from the U.S. […]

April 24, 2017 Read More →

U.S. Policy Reversal Brings Back Federal Coal Leases Nobody Wants

Bloomberg News: President Donald Trump is expected to lift a moratorium on federal coal-mining leases Tuesday — and it probably won’t do the industry much good until years after he’s left office. That’s because U.S. coal companies including Peabody Energy Corp. won’t be looking to secure new reserves of the fossil fuel on federal land […]

March 28, 2017 Read More →

U.S. Coal Companies Dodge Federal Royalty Reform

From the Washington Post: The Interior Department has informed coal, oil and gas companies this week they do not need to comply with a new federal accounting system that would have compelled them to pay millions of dollars in additional royalties. The Office of Natural Resources Revenue’s new method of calculating royalties for minerals extracted […]

February 28, 2017 Read More →

A Record Quarter for Wind-Generation Expansion in the U.S.

Ashleigh Cotting for SNL: Wind saw its best fourth quarter since 2012, with 6,071 MW brought online, bringing the total for capacity installations during 2016 to 8,029 MW. A total of 1,089 MW of planned wind capacity was announced during the fourth quarter. The largest announced project was the Rockaway Peninsula Offshore Wind Project. The […]

February 22, 2017 Read More →